Forex Orders


There are just a couple to take note of, as highlighted in bold.

The first one is for EUR/USD at the 1.0850 level. It coincides with the 100-hour moving average currently, which is where price action was held up in trading yesterday. As such, the expiries alongside the key near-term level there should limit any upside extensions in the session ahead at least. Not to mention that there is a large one at the same level there for tomorrow.

Then, there is one for AUD/USD at the 0.6675 level. It isn’t one that holds much technical significance so I wouldn’t the expiries to provide too much of a draw. However, it could still anchor down price action during the session especially with the 100 and 200-hour moving averages seen at 0.6688-00 currently.

For more information on how to use this data, you may refer to this post here.



Source link

Articles You May Like

UBS continue to see gold and oil as hedges against macroeconomic, geopolitical risk
ECB’s Panetta: It is not blasphemy that rates could go below neutral levels
EURUSD falls to a new 2024 low below 1.04956. The 2023 low at 1.0448 is the next target.
DegenLayer Introduces the First Memecoin Focused Blockchain
What are the main events for today?

Leave a Reply

Your email address will not be published. Required fields are marked *